Strategic Planning and Financial Management
module 3 Overview
Module 3 has been designed to help get you into the front seat of driving the business forward and working one step ahead of Ok Tedi’s Management Operating System (MOS). We do this through helping you build 4 key capabilities of a senior leader:
- Scenario planning,
- Systems thinking;
- Problem solving; and
- Financial management.
Interestingly, to build and enhance these capabilities we have to first unlearn some old habits that have been formed in the past.
Module 3 will be applied on the job via:
- your engagement in developing scenarios that will shape Ok Tedi in 2025 & 2030,
- your role in leading your team to develop the 2022 plan on a page
- your role in leading your team to develop the 2022 operational budget
SCENARIO PLANNING
Unlearning linear planning to relearning scenario planning.
Simple, complex & wicked problems
Identifying and solving the problems with the right approach and tools.
SYSTEMS THINKING
From siloes to systems. A key to unlocking value at Ok Tedi.
Financial management & decision making
Assessing and making better financial decisions to manage OPEX & CAPX budgets.
Module learning objectives
- Lead and build confidence in strategic and operational planning.
- Apply financial assessments to strategic opportunities.
- Develop and manage budgets including identifying and delivering cost savings.
- Build team clarity and ownership of the 2022 operational plans and targets
Learning outcomes
Individual
Strong financial management capabilities and confidence in managing budgets and projects.
Clear plans on future career progression pathways.
Team
Team clarity and ownership of the 2022 operational plans and targets
Business unit
National leaders leading and accountable for the operational planning of their business unit or function
Orgnisation
National leaders playing a key role in the development of strategy planning
Diagnostics & assessments
Commence 360 degree feedback.
KEY activities
Activities
- Activity 1 – Strategy development lessons learnt
- Activity 2 – Future focus and thinking
- Activity 3 – Build your knowledge on megatrends & the future of mining
- Activity 4 – Driving forces shaping Ok Tedi
- Activity 5 – Reflections on session 2
- Activity 6 – Reflections on session 3
- Activity 7 – Systems thinking & reoccuring problems
- Activity 8 – A systems view of General Manager capabilities to be developed
- Activity 9 – Applying systems thinking to operations
- Activity 10 – Considering simple, complex and wicked problems
- Activity 11 – Develop your 2022 Plan on a Page
- Activity 12 – 3 behavioural changes in developing your budgets.
Facilitated sessions
- Session 1 – 7 September, 12:30-1:30pm
- Strategy, Planning & Financial Decision Making
- Session 2 – 14 September, 12:30-1:30pm
- Strategic scenario planning & the future of mining – John Steen
- Session 3 – 21 September, 12:30-1:30pm
- Operational scenario planning – David Thurston
- Session 4 – 28 September, 12:30-1:30pm
- Financial management & decision making – Cameron Clark
